Right on! ) `/ x5 P4 }: a& s) I$ n3 ?/ H3 f8 _% b% ]- D0 ^1 Q8 I
I think I'll still stay away from US stocks that put their focus on US domestic market. International conglomerates and ADRs are still attractive since their income/assets are dominated in currencies other than US$." J2 y6 b7 w, J' D( S$ g' V
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Woohoo...time to realize some profits (especially on oil and gas stocks) today!5 u% b7 N8 g1 [3 i' {
9 g% z% ~! x" M4 ^! R) LAn option for diversifying away US$ risk from personal experience - I went to Beijing to open a premium account with the Hong Kong Bank which allows me to operate the account globally. I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.; K- ]& l, r s* i8 b
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 4 j, n9 J- ?6 h* k2 ?& c
原帖由 MiliCat 于 2007-9-18 13:06 发表 1 ], a* Y" J% y* [! Z; t4 R7 X
Right on! ' C8 ^5 m5 L5 [; J# U
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
! X6 S( p- j' O - { T! p& v2 l9 g+ |8 l; PAre you kidding? " S3 X3 M, c" w- S$ W$ `2 z# R
( R6 g; }! V: e( f2 f. a" FRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 ( m5 U( E1 A3 E( z0 h2 Y
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Are you kidding? 8 [2 |6 Z* L2 G % h9 V( p* b( P2 E% [RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
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But you also need to see that there is a higher return rate on RMB assets. Think a about it. If you bought 1 yuan stock in Chinese stock market 1.5 year ago, now it will end up with 4 yuan. at the same time TSX went up only 27%